05
Dec
06:41
Chinese wire rod export prices fall back
Chinese wire rod export prices have declined slightly amid the quick fall in domestic market long steel prices during this week, Kallanish notes.
Major mills in eastern China are offering wire rod exports at $480/tonne fob China. Meanwhile, northern mills report offers for exports at $475/t fob, unchanged from last week.
Traders, however, are again undercutting mills. A trading contact in eastern China says some small-volume deals wer…
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Anonymous
Very good overview of the weekly steel market.
Anonymous